Current Attempt in Progress Metlock Corporation earned $2,825,000 during 2025. The company had a weighted-average of 495,000 shares of common stock outstanding. The average market price of common stock was $35 per share during the year. The company also had 45,000 warrants outstanding, of which two warrants could be exercised to purchase one share of common stock for $33 in total. (a) Are the warrants dilutive? (b) Compute basic earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Basic earnings per share $ (c) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer

Current Attempt in Progress Metlock Corporation earned $2,825,000 during 2025. The company had a weighted-average of 495,000 shares of common stock outstanding. The average market price of common stock was $35 per share during the year. The company also had 45,000 warrants outstanding, of which two warrants could be exercised to purchase one share of common stock for $33 in total. (a) Are the warrants dilutive? (b) Compute basic earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Basic earnings per share $ (c) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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